Russia Cost Hikes May Fall on Contractors, Not Owners, Expert Says
Russia Cost Hikes May Fall on Contractors, Not Owners, Expert Says
Ukraine invasion may have long-lasting impacts on materials and other aspects of project work, construction economist Anirban Basu told an owners' group on April 1.
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Ukraine invasion may have long-lasting impacts on materials and other aspects of project work, construction economist Anirban Basu told an owners' group on April 1.
Ukraine invasion may have long-lasting impacts on materials and other aspects of project work, construction economist Anirban Basu told an owners' group on April 1.
The invasion of Ukraine has set off multiple crises. How should U.S. construction firms that work in Russia deal with these issues?
The invasion of Ukraine has set off multiple crises. How should U.S. construction firms that work in Russia deal with these issues?
Consumer prices continued to rise in October, but at a slower annual pace, suggesting that the Federal Reserveβs interest rate hikes are having an impact on consumer spending habits. The Consumer Price Index (CPI) rose by 7.7% in October compared to one year ago. That is the smallest 12-month increase since the year ending in [β¦]
Consumer prices continued to rise in October, but at a slower annual pace, suggesting that the Federal Reserveβs interest rate hikes are having an impact on consumer spending habits. The Consumer Price Index (CPI) rose by 7.7% in October compared to one year ago. That is the smallest 12-month increase since the year ending in [β¦]
August 15, 2022
James Leggate
KEYWORDS contractors / cyber security / FBI
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Three Nigerian citizens are facing U.S. criminal charges over alleged scams that targeted construction contractors and public project owners. Prosecutors say the scams netted nearly $6 million and involved five different contractors.Offici...
August 15, 2022
James Leggate
KEYWORDS contractors / cyber security / FBI
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No Comments
Three Nigerian citizens are facing U.S. criminal charges over alleged scams that targeted construction contractors and public project owners. Prosecutors say the scams netted nearly $6 million and involved five different contractors.Offici...
Russia became an instant global pariah when it invaded Ukraine on February 24th. As more bloodshed and war crimes have come to light, the country has become further isolated from the international community. Western companies have hurried to divest in Russia, facing pressure to stand against the war. Foreign firms with multi-billion Russian investments like BP, Shell, and ExxonMobil have pulled out, and many others like Apple, Starbucks, and McDonaldβs have suspended Russian operations. It has...
Russia became an instant global pariah when it invaded Ukraine on February 24th. As more bloodshed and war crimes have come to light, the country has become further isolated from the international community. Western companies have hurried to divest in Russia, facing pressure to stand against the war. Foreign firms with multi-billion Russian investments like BP, Shell, and ExxonMobil have pulled out, and many others like Apple, Starbucks, and McDonaldβs have suspended Russian operations. It has...
While material costs may remain elevated because of growing energy costs, increased production costs are now less likely to be successfully passed through the supply chain, says the firm in its latest tender price forecast. T&T said push-back from contractors had been seen in the face of recent British Steel hikes, with increased pricing not sticking as demand softened and fabricators were not willing to pay the proposed premium.
The cost consultant warned the coming months would likely see ...
While material costs may remain elevated because of growing energy costs, increased production costs are now less likely to be successfully passed through the supply chain, says the firm in its latest tender price forecast. T&T said push-back from contractors had been seen in the face of recent British Steel hikes, with increased pricing not sticking as demand softened and fabricators were not willing to pay the proposed premium.
The cost consultant warned the coming months would likely see ...
June 8, 2022
Richard Korman and Scott Van Voorhis
KEYWORDS cost / Inflation
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The U.S. Dept. of Defense has issued guidance to contractors saying that it won't pay more to cover unexpected inflation costs for existing fixed-price contracts unless the contract included a price adjustment clause.If it's not already in...
June 8, 2022
Richard Korman and Scott Van Voorhis
KEYWORDS cost / Inflation
Order Reprints
No Comments
The U.S. Dept. of Defense has issued guidance to contractors saying that it won't pay more to cover unexpected inflation costs for existing fixed-price contracts unless the contract included a price adjustment clause.If it's not already in...
June 8, 2022
Richard Korman and Scott Van Voorhis
KEYWORDS cost / Inflation
Order Reprints
No Comments
The U.S. Dept. of Defense has issued guidance to contractors saying that it won't pay more to cover unexpected inflation costs for existing fixed-price contracts unless the contract included a price adjustment clause.If it's not already in...
June 8, 2022
Richard Korman and Scott Van Voorhis
KEYWORDS cost / Inflation
Order Reprints
No Comments
The U.S. Dept. of Defense has issued guidance to contractors saying that it won't pay more to cover unexpected inflation costs for existing fixed-price contracts unless the contract included a price adjustment clause.If it's not already in...
The most successful construction projects are rooted in strong collaboration between owners and general contractors. When these parties understand and support each other, information flows more openly, stakeholders stay aligned, and things just get done faster.Β But even the best teams have a hard time working together if they donβt share the same platforms, tools, [β¦]
The post The One Platform Advantage: How Owners and Contractors Win Together [Webinar] appeared first on Digital Builder.
The most successful construction projects are rooted in strong collaboration between owners and general contractors. When these parties understand and support each other, information flows more openly, stakeholders stay aligned, and things just get done faster.Β But even the best teams have a hard time working together if they donβt share the same platforms, tools, [β¦]
The post The One Platform Advantage: How Owners and Contractors Win Together [Webinar] appeared first on Digital Builder.
The NWMLS published their May stats today, so let's take a look at how the month shook out for the housing market. The King County median price of single-family homes was down year-over-year in May, the third month in a row of declines. Inventory was up from a year ago again, but the as we mentioned in the preview post earlier this week, the rate of increase is rapidly declining from the all-time high set in December. Pending and closed sales are increasing, but only modestly.
The post NWMLS: Li...
The NWMLS published their May stats today, so let's take a look at how the month shook out for the housing market. The King County median price of single-family homes was down year-over-year in May, the third month in a row of declines. Inventory was up from a year ago again, but the as we mentioned in the preview post earlier this week, the rate of increase is rapidly declining from the all-time high set in December. Pending and closed sales are increasing, but only modestly.
The post NWMLS: Li...